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Home Page Social Science Economics Consumer Economics Basic Economic Problem US History Business Cycle - Flashcards

US History Business Cycle – Flashcards

Ember Wagner
8 July 2022
7 test answers

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question
Business cycle?
answer
The periodic but irregular up-and-down movements in economic activity, measured by fluctuations in real GDP and other macroeconomic variables.
question
What is a contraction?
answer
A slowdown in the pace of economic activity.
question
What is a trough?
answer
The lower turning point of a business cycle, where a contraction turns into an expansion.
question
What is an expansion?
answer
A speedup in the pace of economic activity.
question
What is a peak?
answer
The upper turning of a business cycle.
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question
When does a recession occur?
answer
If the contraction is severe enough
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question
What is a depression?
answer
A deep trough
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What is the right structure for an essay
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A paragraph is a related group of sentences that develops one main idea. Each paragraph in the body of the essay should contain:
  • a topic sentence that states the main or controlling idea
  • supporting sentences to explain and develop the point you’re making
  • evidence from your reading or an example from the subject area that supports your point
  • analysis of the implication/significance/impact of the evidence finished off with a critical conclusion you have drawn from the evidence.